UAE Protective Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UAE Protective Coatings Market Analysis
By the end of the year, the protective coatings market in the United Arab Emirates was worth USD 63 million. The market is projected to register a CAGR of 3.5% during the forecast period. The COVID-19 pandemic has harmed the current study market. However, post-pandemic, the rising implementation of infrastructural projects has revived the country's protective coatings market.
- Growing infrastructure and industrialization are expected to drive the country's protective coatings market.
- Fluctuations in the prices of raw materials are expected to hamper the market's growth.
- During the forecast period, the growing demand for powder coatings is likely to give the market a number of chances to grow.
- The market for protective coatings in the country is expected to be led by the infrastructure coatings segment in the end-user segment.
UAE Protective Coatings Market Trends
This section covers the major market trends shaping the UAE Protective Coatings Market according to our research experts:
Increasing demand from United Arab Emirates Oil and Gas industry
- Protective coatings offer excellent corrosion resistance, water resistance, and fire resistance. In the oil and gas industry, protective coatings used for chemical resistance and safety protocols play vital roles in avoiding risks related to damage, accidents, and workers' health.
- The United Arab Emirates (UAE) is among the world's ten largest oil producers. 糖心vlog传媒 96% of the country's roughly 100 billion barrels of proven oil reserves are located in Abu Dhabi, ranking it sixth worldwide. The UAE produces an average of 3.2 million barrels of petroleum and liquids daily.
- In November 2020, the Supreme Petroleum Council (SPC) of the United Arab Emirates announced that 22 billion barrels of unconventional oil had been found in Abu Dhabi. This was in addition to the 2 billion barrels of conventional oil that had already been found there.This is likely to make it easier for new oil and gas upstream projects in the country to get started.
- Through its subsidiary JODCO Exploration Limited (JEL), INPEX Corporation announced in December 2021 that it had found a number of conventional oil, condensate, and gas columns at Onshore Block 4 in Abu Dhabi in the United Arab Emirates (UAE).
- In March 2022, ADNOC awarded framework agreements worth USD 658 million to further expand drilling operations and crude oil production capacity. In May of 2022, ADNOC announced three oil discoveries, including one at Bu Hasa, Abu Dhabi's biggest onshore field, with a crude oil production capacity of 650,000 barrels per day (bpd).
- All the aforementioned factors are expected to drive the country's protective coatings market.
The infrastructure segment dominates the market
- The backbone of modern cities is the protective coatings that are put on steel, which is often used for public buildings, stadiums, and transportation hubs.Steel bridges need to be protected from corrosion so that they can keep working well and looking nice over time. Protective coatings are the most common way to do this.
- At a cost of USD 2.7 billion, the UAE Ministry of Infrastructure Development launched 36 projects. These projects included federal road and maintenance projects as well as improvements in security, education, health, and services.
- The projects, which include the construction and maintenance of federal roads, will be carried out under a budget of USD 920.3 million. The implementation and maintenance of the government buildings will be done at a cost of USD 1.8 billion, while the budget allocated for four road implementation projects is USD 212.3 million.
- In 2021, the Roads and Transport Authority (RTA) started a 13-kilometer-long road network along Sheikh Rashid, Al Mina, Al Khaleej, and Cairo Streets. The project has been broken up into five different stages, and it will be finished in 2027 after an investment of $1.37 billion.
Taking all of these things into account, it seems likely that the demand for protective coatings will rise during the forecast period.
UAE Protective Coatings Industry Overview
The United Arab Emirates protective coatings market is fragmented in nature. Some of the market's major players (not in any particular order) include Akzo Nobel N.V., Jotun, Nippon Paint Holdings Co., Ltd., Sigma Paints, and The Sherwin-Williams Company.
UAE Protective Coatings Market Leaders
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Akzo Noble N.V.
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Jotun
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Nippon Paint Holdings Co., Ltd.
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Sigma Paints
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The Sherwin-Williams Company
*Disclaimer: Major Players sorted in no particular order
UAE Protective Coatings Market News
- The recent developments pertaining to the major players in the market are being covered in the complete study
UAE Protective Coatings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Infrastructure investments in United Arab Emirates
4.1.2 Increasing demand from United Arab Emirates's Oil and gas industry
4.2 Restraints
4.2.1 Fluctuations in the prices of raw materials
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Value in USD Million)
5.1 End-user Industry
5.1.1 Oil and Gas
5.1.2 Mining
5.1.3 Power
5.1.4 Infrastructure
5.1.5 Other End-user Industries
5.2 Technology
5.2.1 Waterborne
5.2.2 Solventborne
5.2.3 Powder Coatings
5.2.4 UV-Cured
5.3 Resin Type
5.3.1 Acrylic
5.3.2 Epoxy
5.3.3 Alkyd
5.3.4 Polyurethane
5.3.5 Polyester
5.3.6 Other Resin Types
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Akzo Noble N.V.
6.4.2 Berger Paints India Limited
6.4.3 Jotun
6.4.4 Kansai Paint Co. Ltd
6.4.5 NATIONAL PAINTS FACTORIES CO. LTD.
6.4.6 Nippon Paint Holdings Co., Ltd.
6.4.7 Ritver Paints & Coatings
6.4.8 Sigma Paints
6.4.9 Terraco Holdings Ltd.
6.4.10 The Sherwin-Williams Company
6.4.11 Thermilate Middle East.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 The rising demand for Powder Coatings in Protective coatings end user industries.
UAE Protective Coatings Industry Segmentation
Protective coatings are materials applied to substrate surfaces of steel and concrete structures to protect them from environmental damage and corrosion. The market involves the usage of coatings on new structures, as well as the maintenance of existing structures. These structures can include industrial, commercial, and public infrastructure but exclude house buildings and private apartments. The protective coatings market is segmented by end-user industry, technology, and resin type. By end-user industry, the market is segmented into oil and gas, mining, power, infrastructure, and other end-user industries. By technology, the market is segmented into solvent-borne, waterborne, powder, and UV-cured. The market is segmented by resin type: acrylic, epoxy, alkyd, polyurethane, polyester, and others. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.
| End-user Industry | |
| Oil and Gas | |
| Mining | |
| Power | |
| Infrastructure | |
| Other End-user Industries |
| Technology | |
| Waterborne | |
| Solventborne | |
| Powder Coatings | |
| UV-Cured |
| Resin Type | |
| Acrylic | |
| Epoxy | |
| Alkyd | |
| Polyurethane | |
| Polyester | |
| Other Resin Types |
UAE Protective Coatings Market Research FAQs
What is the current United Arab Emirates Protective Coatings Market size?
The United Arab Emirates Protective Coatings Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Protective Coatings Market?
Akzo Noble N.V., Jotun , Nippon Paint Holdings Co., Ltd., Sigma Paints and The Sherwin-Williams Company are the major companies operating in the United Arab Emirates Protective Coatings Market.
What years does this United Arab Emirates Protective Coatings Market cover?
The report covers the United Arab Emirates Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Arab Emirates Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Arab Emirates Protective Coatings Industry Report
Statistics for the 2024 United Arab Emirates Protective Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. United Arab Emirates Protective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
